(PharmaNewsWire.Com, July 17, 2017 ) According to the report Europe Cell Based Assay", published by Market Data Forecast, the global market is projected to reach USD 5.45 billion by 2021, at a CAGR of 10.84% from 2016 to 2021.
Europe Cell Based Assay Market are majorly used by biotechnology companies, academic research institutes, contract research organizations government institutions, pharmaceutical companies and others. Cell based assay is a technique of examining living cell on the basis of diverse parameters.
Cell based assays are used to determine virtually functions of cellular or biochemical processes. Pharmaceutical and biotech companies are trying to improve efficiencies and reduce costs associated with drug discovery. Several vendors are turning to cell-based assays as a substitute to biochemical assays and in-vitro testing, as they can be used for various applications, such as recognition and validation of targets, selection for efficacy and safety, and monitoring of cell-based activity all with a guarantee of highly accurate data.
In cell based assays, functional cells are used as analytical tools in research for novel drugs. Cell based assays ease research in the area of immunology, stem cells, cancer and others. Additionally, important advantages of cell based assay, innovation in technologically advanced products and need to decrease costs associated with drug discovery are anticipated to drive the market for cell based assays.
Europe Cell Based Assay Market: Drivers & Restraints
Market growth is mainly driven by interest in drug discovery technology, toxicity screening, and developments within the screening industry, and an increasing number of target molecules. Another factor contributing to the rapid growth of the cell-based assay market includes the trend to use automated systems and high throughput screening (HTS) processes. Lack of skilled professionals is hindering the growth of the cell based assay market.
The large market share of the region is credited to the growing availability of funds for research and the increase in drug discovery activities in North America. Europe is the second largest cell based assay market. The large market share of the region is credited to the growing availability of funds for research and the increase in drug discovery activities in Europe. Based on product, Consumables segment is expected to dominate the market in 2017. Drug discovery is expected to command the largest market share in 2017 on the basis of application.
Europe Cell Based Assay Market: Region-wise Outlook
Based on geography the market is analysed under various countries namely, Germany, U.K., Spain, Italy and Spain. Spain and Italy are the fastest emerging markets in the European region for cell based assay market. Europe is anticipated to be the fastest developing regional section and will hold its position over the forecast period.
Key Questions Answered
What is the current and future Europe Cell Based Assay Market outlook in global? What trends are affecting the Europe market?
What is the competitive landscape and market share of major players in the Global Cell Based Assay space in Europe?
What are the key, high growth markets that Europe Cell Based Assay manufacturers should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Europe Cell Based Assay currently on the market? How will emerging technologies fulfil these unmet needs?
What is physician perception and market outlook of Europe Cell Based Assay?
What are the challenges and barriers that have hindered widespread adoption of Europe Cell Based Assay?
Europe Cell Based Assay Market: Key Players
The top leaders in cell-based assays market include Thermo Fisher Scientific Inc., Becton, Dickinson and Company, Merck & Co. Inc., Cell Signalling Technology Inc., PerkinElmer Inc., Danaher Corporation, General Electric Company, Cisbio Bioassays, DiscoveRx, Ametek Inc., Bio-Rad Laboratories, Roche Diagnostics, GE Healthcare and Promega Corporation.
Reasons to buy Europe Cell Based Assay Market Report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Diagnostics Segment:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including: